Topic: Bought my first stock this morning. Lost $4 by the end of the day.
Posted by death2me
Please, just wear a mask.


:lol: 

Invested $1,000 in XIC.TO (S&P/TSX Composite Capped ETF).


Posted by .
Unregistered


you are doing it wrong!   You have to day trade and do not let it sit!  Geeeez
Oh and this!    http://www.theregister.co.uk/2014/10/29/men_for_pitys_sake_sleep_with_lots_of_women_and_avoid_prostate_cancer/


Posted by death2me
Please, just wear a mask.


. said: you are doing it wrong!   You have to day trade and do not let it sit!  Geeeez
Oh and this!    http://www.theregister.co.uk/2014/10/29/men_for_pitys_sake_sleep_with_lots_of_women_and_avoid_prostate_cancer/

I have a mental illness and a full time job. I doubt I'm cut out for daytrading. :lol:


Posted by .
Unregistered


death2me said:
I have a mental illness and a full time job. I doubt I'm cut out for daytrading. :lol:

Neither is the moron you're talking to.

Do not even fucking attempt to day trade.


Posted by .
Unregistered


Your fuckstock is assprone, nutcocker.


Posted by death2me
Please, just wear a mask.


. said:
Neither is the moron you're talking to.

Do not even fucking attempt to day trade.

I want to hold this for 40 years so hopefully I'll make my $4 back within that time.


Posted by Original_Lonley_Guy_
Moderator


Does Canada have tax sheltered retirement accounts? If so, start there.

But pay down debt before you worry about saving.


Posted by death2me
Please, just wear a mask.


Original_Lonley_Guy_ said: Does Canada have tax sheltered retirement accounts? If so, start there.

But pay down debt before you worry about saving.

The 42 shares are in a tax-sheltered retirement account.

Down $17 today. :lol:

I don't do debt.


Posted by ecoli
.


death2me said: :lol: 

Invested $1,000 in XIC.TO (S&P/TSX Composite Capped ETF).

­

4 bucks? Fuck, that's a California Recycle Fee!!

:rofl:


Posted by .
Unregistered


You're doing it wrong. Buy low and sell high, old chap, not vice versa. That's how the pros do it. 
\
:fatcat:


Posted by .
Unregistered


ecoli said: 4 bucks? Fuck, that's a California Recycle Fee!!

:rofl:

:potd:


Posted by death2me
Please, just wear a mask.


ecoli said:
­

4 bucks? Fuck, that's a California Recycle Fee!!

:rofl:

lmao


Posted by death2me
Please, just wear a mask.


Down a further $11. :lol:

Capitalism sucks!


Posted by .
Unregistered


death2me said: Down a further $11. :lol:

Capitalism sucks!

You know how to make a small fortune in the stock market? Start with a large one.


Posted by death2me
Please, just wear a mask.


. said:
You know how to make a small fortune in the stock market? Start with a large one.

:potd:


Posted by Original_Lonley_Guy_
Moderator


Well, I bought a $100,000 worth of VTI two days ago and immediately lost $4000 if it makes you feel better.

But with a 20 year time horizon, even a crash is just a blip. For me the most important things are:

1) Invest in a very broad index fund to take individual stock and money manager risk out of the picture
2) Set up auto investing so you don't think about it
3) Don't look at your portfolio more than twice per year when you need to rebalance.


Posted by teapots.nli
Unregistered


Go to six nations -- with that $1,000 you can buy almost two large cardboard boxes of duty free cigarettes.

Sell them in bars near closing time.

You will double your money in two weeks and almost certainly not get into any kind of legal trouble.

Can't do that in a stock market.  :teapots: :fag:


Posted by death2me
Please, just wear a mask.


teapots.nli said: Go to six nations -- with that $1,000 you can buy almost two large cardboard boxes of duty free cigarettes.

Sell them in bars near closing time.

You will double your money in two weeks and almost certainly not get into any kind of legal trouble.

Can't do that in a stock market.  :teapots: :fag:

Interesting. :hmmm:


Posted by Original_Lonely_Guy.
Unregistered


As an experiment I put $5,000 into wealthfront.com on 9/24/14.

On 10/16/14 it was looking grim at $4,801.

By 2/25/15 it had reached a high of $5,170. 

It is currently sitting at $5,052. :neutral:


Posted by Mascara
Reverb Queen


. said: you are doing it wrong!   You have to day trade and do not let it sit!  Geeeez
Oh and this!    http://www.theregister.co.uk/2014/10/29/men_for_pitys_sake_sleep_with_lots_of_women_and_avoid_prostate_cancer/

­
Just buy 8 shares of AAPL and ignore it.  Thank me later.


Posted by death2me
Please, just wear a mask.


Original_Lonley_Guy_ said: Well, I bought a $100,000 worth of VTI two days ago and immediately lost $4000 if it makes you feel better.

But with a 20 year time horizon, even a crash is just a blip. For me the most important things are:

1) Invest in a very broad index fund to take individual stock and money manager risk out of the picture
2) Set up auto investing so you don't think about it
3) Don't look at your portfolio more than twice per year when you need to rebalance.


I've done #1 and am about to do #3.


Posted by death2me
Please, just wear a mask.


UPDATE: I'm up $6.96. :banana:


Posted by death2me
Please, just wear a mask.


Up $46.91.


Posted by .
Unregistered


Stock market is fucking throwing dice unless you got over 1 million


Posted by .
Unregistered


. said: Stock market is fucking throwing dice unless you got over 1 million



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